First American Scientific Corp. (fka FASC)

[rj2]

Hi Waite,

I have not posted much due to being on the rode a lot. I do not carry a lap top anymore. Mine finaly died and I did not use it that much.

As far as FASC is concerned, I have mixed feelings about it. The potential is great but right now there are some unknowns involving Cal's estate as well as a few other things. I do hope that the profitability when it comes is enough and on time to pay for debts etc. I am sure Brian is doing what he is able
on many fronts and needs cash to hire help to manage, design, expand etc.

If profits are large enough serious investers will not have a problem with the size of salaries that have been paid. Some of my buddies (large investors) think that Cal and Brian got a little gifty with themselves for the size of the company. The compensation structure should have been smaller salary and large success bonus/options or other. The debt for salaries does scare some investors away (thus the low PPS)

Just opinions from some successful investment friends.

I am hoping and believing that Brian has things well planned for the near future. I will probably vote the new shares as I believe Brian needs the Cash they will Bring. I am also believing that the shares will be sold carefully along with some good news that will raise the PPS not lower it.

RJ